Goosehead Insurance (NASDAQ:GSHD) Given New $105.00 Price Target at UBS Group

Goosehead Insurance (NASDAQ:GSHD) had its price target raised by UBS Group from $92.00 to $105.00 in a report released on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. lifted their price target on Goosehead Insurance from $59.00 to $65.00 and gave the stock a neutral rating in a research note on Thursday, July 11th. BMO Capital Markets lowered their price target on Goosehead Insurance from $90.00 to $72.00 and set an outperform rating on the stock in a research note on Tuesday, April 30th. Royal Bank of Canada reaffirmed an outperform rating and issued a $80.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 25th. JMP Securities reaffirmed a market outperform rating and issued a $100.00 price target on shares of Goosehead Insurance in a research note on Monday, April 15th. Finally, Bank of America lifted their price target on Goosehead Insurance from $35.00 to $37.00 and gave the stock an underperform rating in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $77.80.

Goosehead Insurance Stock Up 1.1 %

Shares of GSHD opened at $88.05 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $92.76. The stock’s 50 day moving average is $64.06 and its two-hundred day moving average is $67.93. The firm has a market cap of $3.25 billion, a P/E ratio of 142.02, a PEG ratio of 4.61 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $78.10 million for the quarter, compared to analyst estimates of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. Goosehead Insurance’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. Analysts predict that Goosehead Insurance will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Goosehead Insurance

Large investors have recently modified their holdings of the business. USA Financial Formulas lifted its stake in shares of Goosehead Insurance by 5,350.0% in the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after purchasing an additional 321 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at $35,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Goosehead Insurance in the 1st quarter valued at $35,000. CENTRAL TRUST Co acquired a new position in shares of Goosehead Insurance in the 1st quarter valued at $67,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Goosehead Insurance in the 1st quarter valued at $104,000.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.